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Mark Cuban and Barry Sternlicht prefer BTC to gold – they also comment on ETH!

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Billionaires are behind Bitcoin and Ethereum
source: www.shutterstock.com/DUSANZIDAR

Following recent comments from JPMorgan CEO Jamie Dimon, who claims that BTC is worthless, two well-known billionaires have defended the cryptocurrencies. However, both further add that ETH may have even greater potential than BTC.

Barry Sternlicht is behind BTC, but…

Barry Sternlicht, co-founder of Starwood Capital Group, told during an interview with CNBC that gold, on the other hand, is in fact “worthless” and that he prefers to evaluate Bitcoin, because every single government in the “western hemisphere” pushes an infinite amount of money.

Sternlicht is known for its real estate investments in which it has invested with the help of Starwood Capital Group. Sternlicht commented on recent criticism of JPMorgan chief Jamie Dimon against BTC.

“Gold and silver are equally worthless. They have certain industrial uses, but they are not as significant. The reason I decided to invest in BTC is that the US government, and in fact every government on the western side of the hemisphere, is pushing as much money as they want. And as for Ethereum, I personally own a few. I trust it even more than BTC, because BTC can be insanely volatile,” says Sternlicht.

Cuban also supports Ethereum, Larry Fink is skeptical

The owner of the basketball team Dallas Mavericks Mark Cuban has similar opinions. He said BTC is a better asset than gold. But then he added that according to him, ETH has even more potential as an investment.

“Personally, I became interested in blockchain technology, which I think will change the whole system as we know it today, and we seem to see it soon with our own eyes,” believes Cuban.

As usual, there is a second group of people who look at cryptocurrencies pessimistically or even critically. For example, Larry Fink, chairman of an investment corporation BlackRock. He states that he belongs to the BTC skeptics, and is very much in line with Jamie Dimon’s opinion.

“I’m not such an BTC expert, so I definitely can’t tell you where it’s going. It can go peacefully over $ 80,000, but remember that it can go peacefully as well to zero. However, I believe that digital currencies will still play an important role,” said Fink.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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